Weekly Fuel Market Update (WFMU) | September 16th, 2014
Wholesale diesel prices hit a two-year low last week with no sight of the bottom until the slight turn upward on Monday. High national inventories on crude oil could keep prices lower than normal this time of year, but heating oil (diesel) prices generally take a steady climb between now and mid-winter.
Still very little production disruptions from local refineries, and higher inventories throughout the Southwest means that supply is good and very competitive.
El Paso diesel and gas is plentiful as local refineries compete for the low price. Desert Fuels has capacity for more same day deliveries now in Midland/Odessa as lines ease up at the Odessa Magellan Terminal.
Torrential rains and flooding in the Phoenix area slowed everything down last week, but none of the terminals in Phoenix and Tucson experienced any kind of damage.
Colorado – Front Range
Winter preparations are underway in Colorado with the first snowfall in Denver last week.
Questions? We’re here to answer any market questions you may have. As always, you can reach us 24/7/365 at (888) 750-FUEL (3835)